Back in October, UrbanTurf covered the Pierce School lofts, quite possibly the most unique property we’d ever featured, shortly before it entered the market. But the $7.25 million listing price may have been a little ambitious, and the price tag was reduced this past weekend by $350,000.

Owners Jeff Printz and Chris Swanson bought the Pierce School at 14th and Maryland Avenue NE (map) from the city for just $275,000 in 2000. Seven lofts and a crazy-cool owner’s unit later, the former school served as Printz and Swanson’s home (as well as that of seven renters) for several years. Despite garnering plenty of attention — the Huffington Post said the renovation was enough to make them “really want to go back to school” — the building has yet to attract a buyer. In addition to the price reduction, the owners also threw in four years of free property management for the building’s rental units.

The price reduction gives us a reason to take a look at this renovation eye candy again. Check it out: